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FULL FLEX (FSA)125 PLAN ADMINISTRATION:

Your 1 stop source for Flexible Spending Benefits Administration:

Our goal is to help your company design, implement and administer a successful Full Flex Flexible Spending Arrangement (FSA) 125 Benefit plan.

  • With you, we will design and implement your Full Flex (FSA) 125 benefit plan
  • Provide employee information including a worksheet for estimating medical and dependent care expenses.
  • Provide on site employee 1 on 1 private enrollment
  • Toll Free Phone Support with Live People to talk to
  • Check reimbursement disbursement on a weekly basis
  • Direct deposit (where available)
  • Rapid claim processing
  • Complete Explanation of Benefits (EOB) with each reimbursement
  • Comprehensive detailed management reports
  • Signature ready IRS Form 5500 as required at no charge
  • Regular Compliance Testing at no charge
WHAT IS A SECTION 125 PLAN?
 
Section 125 of the Internal Revenue Service (IRS) code which allows Employers to sponsor a plan for their Employees that creates PRE-TAX savings through the deduction of:
  1. Medical Insurance Premiums
  2. Un-Reimbursed out-of-pocket Medical Expenses
  3. Dependent/Child Care Expenses
  4. Personally Paid Health Insurance Premiums
Implementing A FULL SECTION 125 PLAN saves both the Employer and the Employee a lot more money than simply implementing a Premium Only Plan (POP). In a Full Flex Section 125 Cafeteria Plan:
Employees Can...
  1. Increase their take home pay
  2. Choose additional voluntary benefits with tax savings
  3. Decrease Medical out-of-pocket Expenses
  4. Deduct Dependent and/or Child Care Expenses
Employers Can...
  1. Lower reportable payroll
  2. Reduce Workers Compensation Premium
  3. Reduce payroll taxes
  4. Offer additional voluntary benefits to employee without increasing corporate cost


HERE'S HOW THE FULL FLEX
(FSA)125 PLAN COULD BENEFIT EMPLOYEES:

CLICK HERE TO CALCULATE HOW MUCH YOU COULD SAVE

Section 125 Sample Illustration Chart:
Without
The Plan
With
The Plan
Monthly Gross Pay Illustration
Qualified Expenses:
$3000 $3000
1. Insurance Premiums $0 $100
2. Un-Reimbursed Medical $0 $100
3. Dependent Care $0 $400
4. 125 Admin. Fee $0 $3
Adjusted Gross Income: $3000 $2397
Federal, State, FICA: $676 $506
Expenses: $600 $0
Net Spendable Monthly Income: $1724 $1891
ANNUAL SAVINGS: None $2004

  

HERE'S HOW THE FULL FLEX
(FSA)125 PLAN COULD BENEFIT EMPLOYERS:

Section 125 Annual Savings Analysis:
SAMPLE COMPANY - 40 EMPLOYEES
1) Employee Contribution
    (Incl. $3/mo. admin fee per EE.)
$43,440
2) Unreimbursed Medical $12,500
3) Dependent Care $20,000
Total Payroll Reduction $75,940
*Employer Savings: $8,353 Employee Savings: $20,504
Average Combined Savings Per Employee Per Year: $513
Total Annual Cost to Employer: $1,200
Net Employer Savings: $7,153
*Employer Savings is derived from W/C 2%; FUTA 1 %; FICA 7.65%


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